Best and Cheapest Renters Insurance in Mississippi for 2024

Sometimes renters in Mississippi are required by their landlord to have renters insurance. But even if you aren’t required, it’s still a helpful and important coverage to have. The right renters policy can save you thousands in the event of a claim. Especially when you shop around, maybe even combining it with your auto insurance, the cost of renters insurance could be close to nothing without sacrificing important coverage. You can search online or an insurance agent can help you. Either way, you can minimize your average cost with all the coverage you want.

It’s important to know that your landlord’s insurance covers the building you’re renting, but it doesn't cover you. Renters insurance covers your personal belongings and provides liability protection. Some policies may even offer protection for your security deposit as long as you meet preset standards. Each policy has different but important coverages.

So if you want to ensure you’re properly covered while renting, it’s important to find one of the best Mississippi renters insurance companies. But where do you start? In the table above, you can sort through all the renters insurance companies ranked on Clearsurance. The rating next to each company — the insurer’s Clearsurance score — is based exclusively on the thousands of ratings provided by customers. Note: Only those companies with at least 25 renters insurance reviews are eligible to appear in the best Mississippi renters insurance rankings.

Are you interested in learning more about one of the companies on the list of the best renters insurance companies in Mississippi? You can visit the company’s profile page to find more information about the company and read reviews to learn from the experiences of other policyholders.

On this page:

• Mississippi renters insurance rates
• Average cost of renting in Jackson
• Renters insurance for Mississippi college students
• Mississippi property crime statistics

Who offers the best Mississippi renters insurance rates?

Out of the most popular renters insurance companies in Mississippi, USAA offers the cheapest Mississippi renters insurance rates. They offer standard personal property coverages with a lower cost of renter insurance for one reason. USAA is only available to active and former United States military members and their families. With this exclusive clientele, USAA cuts their risk in many ways.

If you aren't eligible for USAA, Mississippi Farm Bureau is the next cheapest option. If you're searching for a renters policy specifically, many are very cheap regardless of where you go. So the difference is not as big as you might think in actual cash spent.

In Mississippi, renters insurance rates depend on the insurance company you choose and factors specific to you. Some companies may offer renters insurance in Mississippi for a cheaper rate than others. In the table below, you can see average Mississippi renters insurance rates from some of the largest companies in the state.

*USAA is only available to former and active military members and their families.

These average renters insurance rates are based on a policy with $30,000 in personal property coverage (with a $500 deductible), $100,000 in personal liability and $1,000 in medical payments to others. The rates displayed should only be used for comparative purposes as individual rates in Mississippi will differ. Rate data is provided by Quadrant Information Services.

How much does rent cost in Jackson?

Out of the most popular renters insurance companies in Mississippi, USAA offers the cheapest Mississippi renters insurance rates. They offer standard personal property coverages with a lower cost of renter insurance for one reason. USAA is only available to active and former United States military members and their families. With this exclusive clientele, USAA cuts their risk in many ways.

If you aren't eligible for USAA, Mississippi Farm Bureau is the next cheapest option. If you're searching for a renters policy specifically, many are very cheap regardless of where you go. So the difference is not as big as you might think in actual cash spent.

In Mississippi, renters insurance rates depend on the insurance company you choose and factors specific to you. Some companies may offer renters insurance in Mississippi for a cheaper rate than others. In the table below, you can see average Mississippi renters insurance rates from some of the largest companies in the state.

Jackson, Mississippi, is home to many historic civil rights movement sites. It’s also the capital and most populous city in Mississippi. The average monthly rent in Jackson costs $779 and more than 90 percent of apartments in Jackson cost less than $1,000 per month. But there are a few areas that are a little more expensive than that, including Virden, which costs an average of $1,177 per month. Most areas of Jackson cost less than $800 per month, such as Presto Heights and Northgate which both have an average monthly rate of $727. The cost of rent where you live and the accompanying crime rate, claims rates, etc. can also affect your auto policy rates.

Like the area of the city, the size of the apartment also affects the cost of rent. On average, studio apartments cost $658, one-bedroom apartments cost $701 and three-bedroom apartments cost $927. People renting an apartment in Jackson should also consider purchasing a renters insurance policy to protect their personal belongings from disasters like theft or fire.

How much is renters insurance for Mississippi college students?

Colleges students who choose to study in Mississippi may live in on-campus dorm or rent an off-campus apartment while attending school. There are a few things for college students renting housing in Mississippi to consider in order to protect their personal belongings.

While college students who live in dorms located on the college campus are typically covered by their parents homeowners insurance policy that isn’t the case for students renting off campus. College students in Mississippi who rent apartments off campus should consider a renters insurance policy because their items won’t be covered under their parents’ policy, and without a renters insurance policy, they won’t have any protection. The cheapest renters insurance could be less than $200 a year, which is less than $20 per month. Depending on where you live and what you like, that's like a couple of coffees a month for personal property coverage, liability insurance, and more wrapped into one package.

College students will most likely have roommates in the apartment they rent. It’s not advisable for students to share renters insurance policies with roommates. Rather, each student should have their own renters insurance policy to protect their own belongings. This way, you know exactly how much you owe and that you have comprehensive coverage. More importantly, some insurance companies will only cover one person or couple's insurance at a time.

Mississippi property crime statistics

Theft and vandalism or malicious mischief are among the 16 perils a standard renters insurance policy protects you from. So, how does crime in Mississippi compare to other states around the country? The FBI published the following statistics on crime in Mississippi for 2016:

• Property crime - 82,732
• Burglary - 23,354
• Larceny theft - 55,054

All three statistics for Mississippi, when compared to the national average rate per 100,000 inhabitants, rank higher the national average.

How can you save money on your renters insurance in Mississippi?

While renters insurance may be more affordable than other types of insurance, no one wants to pay more than they have to. So what are the different ways that you can lower your Mississippi renters insurance premium and have some extra spending money?

Here are the top 5 ways to save on your renters insurance:

• Raise your deductible
• Ask about potential discounts
• Bundle your policies
• Determine the value of your personal property
• Pay in full by check

How does Clearsurance rate and rank the best renters insurance companies in Mississippi?

Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:

• Price
• Customer Service
• Claim service
• Likelihood to renew

The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.

The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.

Renters insurance guide

As we mentioned above, there’s common misconceptions regarding what is and isn’t covered by a renters insurance policy. Before you purchase a policy from one of these best renters insurance companies in Mississippi, it’s important to understand what your policy covers. For example, did you know that many renters insurance policies include liability protection in the event a non-resident is injured on the property. Plus, if your apartment becomes uninhabitable from an incident, some policies may cover your expenses as you find temporary housing.

We want to make sure you’re equipped with a proper knowledge of renters insurance, so check out our renters insurance guide. Looking for more educational information about renters insurance? Check out our renters insurance blog for more information and topics related to renters insurance.